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Egypt aims to boost mining to curb illegal digging
The Egyptian government is aiming to expand investments in the mining sector to boost productivity and increase its contribution to the gross domestic product from 1.6% to 6%. It is working on creating a more competitive investment environment through measures such as the "Open Sectors" system, facilitating exploration and prospecting activities, and attracting foreign companies, especially Australian firms, to benefit from their expertise. These steps are part of efforts to combat illegal mining activities, which have led to the interception of numerous cases of unauthorized excavation. Additionally, the government is providing a geological survey database and investing in multiple exploration projects to develop mineral wealth and transform it into valuable industrial sectors.
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